So in short, we can comfortably afford $8k per year. We have 2 kids aged 4 months and the other one is 4 years….haven't travelled at all with then 2nd son but with the first we've done 5 trips with him (4 overseas, 1 interstate). Granted one was for an unexpected illness of a relative overseas'…but still we went around and did the whole travelling experience.
Money isn't everything and I'm a firm believer in more collecting experiences rather than material goods or wealth but I also like to instil the kids the value of money, smart money management and also that good experiences can be done on the cheap.
Don't get me wrong, it's great to spend quality time with the family but my thinking is that it shouldn't be expected to go on yearly overseas trips. My thinking:
- Every 2nd year from when kids are 5 to 10. Asia is nice.
- Every year can be a camping trip or interstate somewhere, especially as they get older and understand more.
Ah, 2 adults and 3 kids make for expensive holidays. It'd depend on where you go though. Overseas to Bali is much cheaper than overseas to Europe, for example.
I think once every 3-4 years for a big holiday, but yearly holidays interstate, or nearby to Bali, or a cruise for example would be fairly reasonable if you can afford $8k per year on average.